District news
District sought a $13.6 million state loan after ending the year in deficit
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What happened
The board approved requesting a $13.6 million state loan because the 2024-25 deficit created a cash-flow problem for 2025-26.
Why it matters to families
The emergency financing and proposed tax increases showed that the district could not cover its obligations through its adopted budget alone.
The evidence
The October 7 resolution states that the district ended 2024-25 with a deficit, faced a 2025-26 cash-flow problem, and approved a $13.6 million loan request. The same meeting authorized ballot questions for $12.6 million and $7.6 million in additional taxes.
The source
October 7, 2025 special meeting agenda and adopted resolutionsSee the full record for Montclair Public School District.
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